23, Melrose Place
23, Melrose Place
Description & Estimates
Public records show 23, Melrose Place, Watford to be a modern leasehold apartment with 430 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
23, Melrose Place, Watford has an estimated sale value of £221,801 and an estimated rental value of £1,248 per month, assuming reasonable condition and based on the information available.
Melrose Place, Watford, WD17 lies in the borough of Watford, within the WD17 postal district.
Our Data Sources
23, Melrose Place, Watford has 2 entries in the Land Registry , most recently in June 2024 and a single entry in the EPC database dated June 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 23, Melrose Place, Watford would be worth £232,891, with a potential rental value of £1,310 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £206,275, with a rental value of £1,161 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 23, Melrose Place, Watford has decreased by £2,030 (0.9%) over the last year. During the same period, its estimated monthly rental value has grown by £34 (2.7%). The property's estimated gross yield is currently 6.8%.
Energy Efficiency
23, Melrose Place, Watford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Jun 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
23, Melrose Place, Watford last changed hands on 21st June 2024, selling for £230,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 85.6% since June 2024.
- Sold Jun 2024£230,000
- Sold Apr 2014£170,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 650 metres of 23, Melrose Place, Watford across the last 2 years.
Most recently, 49, Fairlawns, Watford, WD17 4UH, a leasehold flat, sold at £250,000 on the 29th September 2021.
Read more about house prices in WD17.
- Sold Sep 2021£250,000 | 2 Bed Flat49, Fairlawns, Watford, WD17 4UH49, Fairlawns, Watford, WD17 4UH
- Sold Feb 2016£173,000 | 1 Bed Flat24, Melrose Place, Watford, WD17 4LX24, Melrose Place, Watford, WD17 4LX
- Sold Feb 2015£182,000 | 1 Bed Flat17, Melrose Place, Watford, WD17 4LU17, Melrose Place, Watford, WD17 4LU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 23, Melrose Place, Watford as the 51st largest and the 51st most expensive of the 57 addresses on Melrose Place, Watford, WD17.
Against the WD17 postcode district average, it is £318k less expensive than the typical property.
More reading links
Schools Nearby
- 300mNascot Wood Junior School
- 400mNascot Wood Infant and Nursery School
- 600mCassiobury Infant and Nursery School
- 1.8kmWatford Grammar School for Boys
- 2.4kmCroxley Danes School
- 2.4kmWatford Grammar School for Girls
More reading links
Public Transport Nearby
Watford Junction station is the nearest stop to 23, Melrose Place, Watford at 1.5 kilometres away.
- 1.5kmWatford Junction
- 1.5kmWatford
- 1.8kmWatford North
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
